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What's Up Wednesday- July 1, 2020

Posted by Leanna Conoscenti on Wednesday, July 1, 2020 at 7:00 AM By Leanna Conoscenti / July 1, 2020 Comment
What's Up Wednesday - 7/01/2020-  What's the Virginia Rent and Mortgage Relief Program?

June has been the busiest month that our office has had this year, so we will start digging into those numbers next week!

Today,  we wanted to share information about the Virginia Rent and Mortgage Relief Program that Governer Northam just announced this week. Through the program, $50 million dollars will be distributed to eligible households facing eviction or foreclosure. In order to be eligible, households must demonstrate an inability to make rent or mortgage payments due to loss of income because of the pandemic. Monthly rent or mortgage payments must be at or below 150% of local Fair Market Rent and households must have a gross income at or below 80% of the area median income. 

Click Here for a Quick Self-Assessment of Eligibility

 If you are struggling to make your housing payments, please reach out. Our Residential Specialist would be happy to review all of the options available to you to avoid eviction or foreclosure. 

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